Financial Services Specialist
Salary

The national average salary for Financial Services Specialists is $38K per year; by contrast, late-career professionals enjoy a significantly higher average pay rate, around $48K. People who have worked for fewer than five years bring home $35K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $40K. People with 10 to 20 years of experience make an average of about $40K in this role. Financial Services Specialists who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $48K.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Job Description for Financial Services Specialist

Financial services specialists are in charge of providing sound financial advice and offering services to clients on behalf of their organization. They are responsible for providing excellent customer service and performing relevant administrative tasks (such as completing and filing financial requests) on behalf of their clients. They must be able to clearly explain financial concepts to individuals with no financial background, as well as interview clients and review written and oral information received from clients.

These specialists use their experience and expertise to determine which products and services will best fit their clients' needs and help determine their eligibility. Other tasks they may perform include helping implement program changes, recommending changes as needed, and using a personal computer to keep accurate client information and process financial data. When handling clients' financial and personal data, financial services specialists must follow all privacy regulations.

A bachelor's degree in finance, economics, or a related field is typically required for this position. Previous experience in a related role is often required or preferred, and industry and leadership certifications may be beneficial. Financial services specialists must possess strong communication, multitasking, and interpersonal skills. They also must be organized and pay close attention to detail before submitting information and clients' applications.

Financial Services Specialist Tasks

Communicate financial information to internal partners.

Provide financial analysis to upper management consistent with company goals.

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Popular Skills for Financial Services Specialist

This chart shows the most popular skills for this job and what effect each skill has on pay.

Financial Services Specialists report a narrow range of specific skills. Most notably, skills in Customer Service, Financial Analysis, Sales, and Banking are correlated to pay that is above average. Skills that seem to negatively impact pay include Banking, Sales, and Financial Analysis. The majority of those who know Customer Service also know Banking.

Pay by Experience Level for Financial Services Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.